BIT Mining Stock Forecast - Daily Balance Of Power
| BTCM Stock | USD 3.12 0.26 9.09% |
BIT Stock Forecast is based on your current time horizon. Although BIT Mining's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BIT Mining's systematic risk associated with finding meaningful patterns of BIT Mining fundamentals over time.
BIT |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.57) | (0.07) |
| Check BIT Mining Volatility | Backtest BIT Mining | Trend Details |
BIT Mining Trading Date Momentum
| On November 18 2024 BIT Mining was traded for 3.00 at the closing time. The top price for the day was 3.05 and the lowest listed price was 2.76 . The trading volume for the day was 311.7 K. The trading history from November 18, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 1.69% . The overall trading delta against the current closing price is 4.75% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare BIT Mining to competition |
Other Forecasting Options for BIT Mining
For every potential investor in BIT, whether a beginner or expert, BIT Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BIT Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BIT. Basic forecasting techniques help filter out the noise by identifying BIT Mining's price trends.BIT Mining Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BIT Mining stock to make a market-neutral strategy. Peer analysis of BIT Mining could also be used in its relative valuation, which is a method of valuing BIT Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BIT Mining Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of BIT Mining's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of BIT Mining's current price.| Cycle Indicators | ||
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| Volume Indicators |
BIT Mining Market Strength Events
Market strength indicators help investors to evaluate how BIT Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BIT Mining shares will generate the highest return on investment. By undertsting and applying BIT Mining stock market strength indicators, traders can identify BIT Mining entry and exit signals to maximize returns.
BIT Mining Risk Indicators
The analysis of BIT Mining's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in BIT Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bit stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.61 | |||
| Semi Deviation | 3.59 | |||
| Standard Deviation | 5.0 | |||
| Variance | 24.98 | |||
| Downside Variance | 15.09 | |||
| Semi Variance | 12.91 | |||
| Expected Short fall | (4.33) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of BIT Mining to cross-verify your projections. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BIT Mining. If investors know BIT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BIT Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.00) | Revenue Per Share 3.712 | Quarterly Revenue Growth (0.87) | Return On Assets (0.19) | Return On Equity (0.43) |
The market value of BIT Mining is measured differently than its book value, which is the value of BIT that is recorded on the company's balance sheet. Investors also form their own opinion of BIT Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BIT Mining's market value can be influenced by many factors that don't directly affect BIT Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BIT Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.